Royal Bank of Canada: Another Record Quarter, Same Valuation Problem

Royal Bank of Canada delivered record Q3 net income of C$6.0 billion, up 11% YoY, with adjusted EPS rising 11% to C$4.28. Book value per share reached C$96.73, reflecting consistent 9% annualized growth over the past decade, underscoring robust capital compounding. RY's diversified business mix offset segment volatility; Wealth Management surged 32%, and Capital Markets 16%, while Personal Banking Canada dipped 1%.

Seeking Alpha • Aug 28, 2026

Royal Bank Of Canada Q3 Earnings Call Highlights

Royal Bank Of Canada NYSE: RY reported record third-quarter earnings of CAD 6 billion, up 11% from a year earlier, as broad-based revenue growth across its banking, wealth management and capital-markets businesses supported profitability.

MarketBeat • Aug 27, 2026

Royal Bank of Canada Notches Record Income

Royal Bank said third-quarter income rose to 6.02 billion Canadian dollars, or C$4.23 a share, from C$5.41 billion, or C$3.75 a share, a year earlier.

WSJ • Aug 27, 2026

Royal Bank of Canada (RY:CA) Q3 2026 Earnings Call Transcript

Royal Bank of Canada (RY:CA) Q3 2026 Earnings Call Transcript

Seeking Alpha • Aug 27, 2026

ROYAL BANK OF CANADA REPORTS THIRD QUARTER 2026 RESULTS

TORONTO, Aug. 27, 2026 /CNW/ -- Royal Bank of Canada3 (TSX: RY) (NYSE: RY) today reported record net income of $6.0 billion for the quarter ended July 31, 2026, up $610 million or 11% from the prior year. Diluted EPS was $4.23, up 13% over the same period, reflecting higher results in Wealth Management, Capital Markets and Commercial Banking. Adjusted net income2 and adjusted diluted EPS2 of $6.1 billion and $4.28 were up 10% and 11%, respectively, from the prior year.

PRNewsWire • Aug 27, 2026

Royal Bank of Canada declares dividends

TORONTO, Aug. 27, 2026 /CNW/ -- Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared a quarterly common share dividend of $1.76 per share, payable on or after November 24, 2026, to common shareholders of record at the close of business on October 26, 2026.

PRNewsWire • Aug 27, 2026

Royal Bank (RY) Q3 Earnings and Revenues Beat Estimates

Royal Bank (RY) came out with quarterly earnings of $3.07 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.79 per share a year ago.

Zacks Investment Research • Aug 27, 2026

RBC creates unified Global Transaction Banking business, combining strengths across leading businesses

New co-leadership unifies RBC's transaction banking capabilities across the bank to serve clients seamlessly across borders TORONTO, Aug. 25, 2026 /PRNewswire/ -- Royal Bank of Canada (RBC) today announced the formal establishment of Global Transaction Banking (GTB) as a unified global business, advancing RBC's role as a globally connected bank providing trusted expertise to help clients grow across borders. RBC's ambition is to build a leading global transaction banking franchise based on deep relationships, best-in-class capabilities, global scale and a leading digital experience.

PRNewsWire • Aug 25, 2026

Canada's Big Banks Expected to Log Another Strong Quarter While Valuations Stretched

Canada's biggest banks face a high bar ahead of their latest quarterly readouts, as recent strong trends have stretched market valuations.

WSJ • Aug 24, 2026

Royal Bank (RY) Reports Next Week: Wall Street Expects Earnings Growth

Royal Bank (RY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research • Aug 20, 2026